CARD ACCEPTANCE SECURITY
The upgrade you need to help ensure security
Minimize your risk of loss from card and e-commerce fraud.
A Merchant Services Business Consultant
will contact you within 24 hours.
Enhance your credit card security
Credit card fraud detection is a learned skill. M&T Bank Merchant Services can guide you and your staff on best practices to recognize and help prevent fraud. If your business accepts card-not-present transactions, you (not the card issuer) are liable for any fraudulent transactions. You can help minimize your risk of loss and penalties with the right tools and information, by using PCI compliant equipment and following PCI best practices.
Report fraudulent transactions and security breaches immediately
If you suspect a transaction is fraudulent or your payment security has been breached, report it to your merchant processor immediately to help reduce your liability. If you’re an M&T customer, contact M&T Bank’s Merchant Services Team at 1-800-536-7000. We’ll be there to help you manage through it.
The right tools for credit card fraud detection
M&T can assist you in updating your payment processing system to help protect your business against fraud. We offer:
- Card terminals, Point of Sale (POS) software, payment gateways and virtual terminals designed for credit card fraud detection
- Tools to help you become PCI compliant
- Encryption and tokenization tools that will help turn sensitive cardholder data into usable data for hackers
- Chip credit card fraud detection in card-present and card-not-present transactions
Fraud Protection Services
Take advantage of solutions to protect your customers and your business. Learn more about M&T Fraud Protection Services.
Top questions, answered by our experts
Are debit cards protected from fraud?
Security solutions like encryption, tokenization, PINs, passwords and CVVs provide debit card fraud protection, but no system is infallible. Consumers and merchants alike must do their part to minimize the risk of debit card fraud. PCI compliance, in the case of merchants, and keeping card information private, in the case of consumers, are important in mitigating loss.
Debit card fraud is varied. Cybercriminals may use phishing techniques by phone, email or text to lure consumers into providing their card numbers, PINs and passwords. Or in-person scams like skimming, where a modified PIN pad or ATM collects card information, can allow criminals to create fake cards they then use to make purchases or cash withdrawals.
M&T has extensive security measures in place to protect its cardholders and merchants. We can help your business with card terminals, POS software, payment gateways and virtual terminals that are designed for debit card fraud detection.
How does credit card fraud protection work?
Credit card fraud protection is multifaceted and includes encryption, tokenization, network security and systems access control. Each security measure is designed to prevent cardholder data theft. Consumers and merchants alike must do their part to minimize the risk of credit card fraud. PCI compliance, in the case of merchants, and keeping card information private, in the case of consumers, are important in mitigating loss.
Encryption and tokenization are cornerstones of credit card fraud protection. Encryption uses an algorithm to scramble card numbers into a non-readable form. Tokenization replaces card data with a randomly generated surrogate value. M&T Bank can help provide you with the tools to do both.
In the battle for credit card security, it pays to stay ahead of the hackers. That means utilizing the latest technologies designed to help prevent credit card fraud and save your business (and your customers) money and frustration. M&T Merchant Services can help you implement the best solutions to prevent fraud.
How common is credit card fraud?
The risk of credit card fraud is constant, with attacks and data breaches occurring daily throughout the world. Cybercriminals are continuously developing increasingly sophisticated ways to steal sensitive information. While it is easy for business owners to become overwhelmed with fear and uncertainty, there are steps you can take to prevent or minimize the impact of fraud.
Credit card fraud takes many forms. Thieves can physically steal a card and make fraudulent charges. Cybercriminals can phish card credentials from unsuspecting consumers and make transactions just as if they had the card itself. For cards with cash-machine privileges, criminals can modify an ATM so that they can steal card and PIN numbers. And credit card data can be stolen from merchants that don’t have effective security measures in place.
M&T offers fraud-prevention solutions for its merchants. We can help your business with card terminals, POS software, payment gateways and virtual terminals that are designed for credit card fraud detection and prevention.
How is credit card fraud detected?
Merchant services providers and credit card companies use technology to monitor cardholder accounts, looking for unusual or suspicious activity. When there are transactions out of the ordinary for a cardholder’s profile and history—an unusually large purchase or activity in a foreign country, as examples—the bank or card issuer may freeze the account to prevent potential loss.
M&T uses an advanced fraud detection suite with more than a dozen customizable, rule-based filters to identify, manage and help prevent suspicious and potentially fraudulent transactions. Our Merchant Services Business Consultants can help you protect your business and customers by implementing an up-to-date payment system that includes card terminals, modern POS software and a robust payment gateway.
Every business that works with credit card information is required to comply with the Payment Card Industry Data Security Standards (PCI DSS) to prevent cardholder data theft. Merchants working with M&T are automatically enrolled in our PCI Assist program, which helps make compliance easier.
Partner with M&T Bank
Hear from a Merchant Services Business Consultant directly or book an appointment with your nearest branch in person, on the phone or by video.
We will contact you within 24 hours.